Which of the Following Is an Advantage of Using the Everyday

question 39

Multiple Choice

Which of the following is an advantage of using the everyday low pricing (EDLP) strategy?

• A)This strategy allows retailers to charge higher prices to customers who are not price-sensitive and will pay the "high" price.
• B)This strategy allows retailers to get rid of slow-selling merchandise.
• C)This strategy tends to reduce advertising and operating expenses.
• D)This strategy,when implemented,tends to draw a lot of customers and create a lot of excitement.

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Definitions:

Pie

A baked dish typically made with a pastry dough casing that contains a filling of various sweet or savory ingredients.

Total Utility

The complete fulfillment obtained through the consumption of a specified quantity of products or services.

Macaroni and Cheese

A popular dish made with cooked macaroni pasta and a cheese sauce, often baked to finish.

Serving

Serving refers to the act of presenting food or drinks to someone, typically in a restaurant or hospitality context.